Category list : Bailouts
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Hospital trust 'financially unsustainable'Subscription
FINANCE: Basildon and Thurrock University Hospitals Foundation Trust is not “financially sustainable”, Monitor has concluded.
NHS England is to put £1.8bn of the additional funding it has received for 2016-17 into a centrally managed “sustainability and transformation fund”.
The Department of Health paid more than £1bn to NHS trusts in working capital loans in the first half of the financial year, HSJ can reveal.
The Department of Health paid out £1.2bn in bailouts in 2014-15, to help more than 50 troubled NHS providers pay wages and creditors, replace aging equipment and cut deficits, HSJ analysis has found.
The Department of Health obliged some of the most seriously troubled hospitals in the NHS to receive their bailouts in the form of ‘loans’ last year, DH figures show.
FINANCE: Lewisham and Greenwich Trust received an £8.5m bailout of public dividend capital from the Department of Health to cover an unexpected deficit for the financial year 2014-15.
The Department of Health arranged at least £39m in extra ‘essential’ capital funding for foundation trusts where patient safety or ‘ongoing operations’ were at risk because of maintenance backlogs, HSJ can reveal.
Tariff fallout continues
A group of foundation trusts that received £188m in Department of Health bailouts this year has been told the funding will now be switched to loans, as part of a push for financially distressed organisations to ‘manage their finances better’, HSJ has learned.
Full scale of DH bailout of trusts revealedSubscription
One in four hospital trusts received bailout funding from the Department of Health last year, with several receiving financial aid worth more than 10 per cent of their turnover, HSJ analysis has found.